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Top 10 Assistant Trader Certifications

This article covers the top certifications for assistant traders, including what to look for and how to get certified.

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Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 17 min read

Certifications for an assistant trader are important in the job market because they provide evidence of a person’s knowledge and skills in the field of trading. Certifications can also demonstrate that a person has taken the time to further their education and stay up to date on industry trends and techniques. This can make them more attractive to potential employers, as it shows that they have invested in themselves and are willing to put in the effort required to succeed. Additionally, certifications can help ensure that an assistant trader is qualified and capable of performing the duties expected of them, making them more desirable candidates for roles within the trading industry.

This article reviews the most beneficial certifications for Assistant Traders, highlighting how they can help to advance their career.

What are Assistant Trader Certifications?

Assistant trader certification is a professional credential that provides an individual with the necessary skills and knowledge to work as an assistant trader in the financial markets. The certification is offered by various professional organizations, such as the Association for Financial Professionals (AFP) and the Chartered Institute for Securities & Investment (CISI). It is designed to give aspiring traders the skills they need to succeed in the highly competitive world of trading.

The certification covers topics such as risk management, market analysis, order execution, portfolio management, and compliance. It also teaches students how to use different types of software and tools used in trading. Additionally, it covers other important aspects of trading such as understanding financial statements and economic indicators.

Having assistant trader certification can provide many benefits to those who are looking to break into the field of finance. It demonstrates to potential employers that you have a strong foundation of knowledge and experience when it comes to trading. It also gives you a competitive edge over other applicants who do not have this qualification. Furthermore, having this certification may open up more job opportunities for you since employers may be more likely to hire someone with this type of credentials. Finally, it can help you stay up-to-date on industry trends and regulations since many organizations offering these certifications require yearly updates or refresher courses.

Pro Tip: Before you begin the certification process for becoming an assistant trader, make sure to do your research and understand all the requirements and expectations of the job. Additionally, brush up on your financial knowledge and practice trading strategies before taking the certification exam.

Related: What does an Assistant Trader do?

Top 10 Assistant Trader Certifications

Here’s our list of the best certifications available to Assistant Traders today.

1. Chartered Financial Analyst (CFA)

The Chartered Financial Analyst (CFA) designation is a professional credential offered by the CFA Institute, formerly known as the Association for Investment Management and Research (AIMR). It is one of the most respected and recognized investment management designations in the world. The CFA Program is a graduate-level, self-study program that combines a broad base of investment analysis and portfolio management skills with professional standards of practice and ethical conduct.

The CFA Program consists of three levels: Level I, Level II, and Level III. Each level requires passing an exam that covers topics such as economics, accounting, portfolio management, ethics, and quantitative methods. The exams are administered twice a year in June and December. Candidates must pass all three levels to earn the CFA charter.

It typically takes four to five years to complete all three levels of the CFA Program. This includes studying for the exams, taking them, and completing a minimum of four years of qualified work experience in the investment decision-making process.

To get started on your journey towards becoming a CFA charterholder you will need to register with the CFA Institute by completing an application form online or through their office in Charlottesville, Virginia. Once registered you will have access to study materials such as textbooks and practice exams which can be purchased from third-party vendors or directly from the institute itself.

The cost for registering for each level of the CFA Program varies depending on when you register but typically ranges from $650-$1,000 USD per level plus additional fees for study materials and exam registration fees which can range from $250-$600 USD per level depending on when you register.

2. Certified Investment Management Analyst (CIMA)

Certified Investment Management Analyst (CIMA) is a professional certification program offered by the Investments & Wealth Institute, formerly known as the Institute of Certified Investment Management Analysts (ICIMA). The CIMA certification is designed to equip investment professionals with the knowledge and skills needed to provide comprehensive investment management advice.

The CIMA certification requires candidates to complete a series of courses and exams. Candidates must complete three courses: Principles of Investment Management, Portfolio Construction and Analysis, and Advanced Applications in Investment Management. Each course consists of two exams that must be passed in order to receive the CIMA designation. The exams are administered by Prometric Testing Centers located throughout the United States.

It typically takes six months to one year to complete all three courses and pass all six exams required for the CIMA certification. However, some candidates may take longer depending on their study habits and availability of test centers in their area.

In order to obtain the CIMA designation, candidates must pay an application fee as well as fees for each course and exam taken. The total cost for obtaining the CIMA designation ranges from $2,500-$3,000 USD depending on which testing center you use for your exams.

Once an individual has successfully completed all three courses and passed all six exams required for the CIMA designation, they will receive a certificate from the Investments & Wealth Institute confirming their achievement.

3. Chartered Market Technician (CMT)

Chartered Market Technician (CMT) is a professional designation that is awarded to individuals who have demonstrated mastery of technical analysis and the application of this knowledge to the markets. The CMT program was developed by the Chartered Market Technician Association (CMTA) in partnership with the New York Institute of Finance (NYIF).

The CMT program consists of three levels: Level I, Level II, and Level III. To become a CMT, an individual must pass all three levels. Each level requires passing an exam and completing a certain number of hours of professional experience.

Level I covers basic concepts such as market structure, charting techniques, and trading strategies. It requires passing an online exam that consists of 100 multiple-choice questions and takes approximately two hours to complete.

Level II covers more advanced topics such as portfolio management, risk management, quantitative analysis, and derivatives. It requires passing an online exam that consists of 125 multiple-choice questions and takes approximately three hours to complete.

Level III covers even more advanced topics such as portfolio optimization, portfolio construction techniques, asset allocation strategies, and alternative investments. It requires passing an online exam that consists of 150 multiple-choice questions and takes approximately four hours to complete.

The cost for each level varies depending on the student’s country or region but typically ranges from $500-$1,000 USD per level.

In total it can take up to 9 months or longer to get your CMT designation depending on how quickly you are able to study for and pass each level’s exams.

4. Financial Risk Manager (FRM)

Financial Risk Manager (FRM) is a professional certification offered by the Global Association of Risk Professionals (GARP). It is designed to provide financial professionals with the knowledge and skills necessary to understand, measure, manage, and control financial risks. The FRM designation is considered the gold standard for risk management in the finance industry.

The FRM exam consists of two parts: Part I and Part II. It usually takes about 12-18 months to prepare for both exams. To become an FRM, you must pass both exams within a four-year period.

To get started on your FRM journey, you will need to register for the exam through GARP's website. You can also purchase study materials from GARP or third-party providers such as Wiley or Kaplan Schweser. Additionally, there are many online resources available that can help you prepare for the exam.

The cost of taking the FRM exam varies depending on when you register and which study materials you choose to purchase. Generally speaking, it costs around $1,500-$2,000 USD to take both parts of the exam; however, this cost may be lower if you register early or use discounts offered by GARP or other providers.

5. Certified Treasury Professional (CTP)

Certified Treasury Professional (CTP) is a professional certification offered by the Association for Financial Professionals (AFP). It is designed to recognize individuals who have achieved a high level of expertise in corporate treasury management. The CTP credential demonstrates that an individual has the knowledge, skills and abilities to effectively manage a company’s financial resources.

To become certified, individuals must pass the CTP Exam and meet certain eligibility requirements. The exam consists of multiple-choice questions covering topics such as cash management, investments, risk management, international finance, financial analysis and more. There are also some case studies included in the exam.

The exam takes approximately four hours to complete and can be taken at any Prometric testing center worldwide. To qualify for the exam, applicants must have at least three years of professional experience in corporate treasury or related fields. Applicants must also submit two letters of recommendation from current or former employers or colleagues attesting to their qualifications for the CTP designation.

The cost of taking the CTP Exam varies depending on where you take it and whether or not you are an AFP member. For non-members, the cost is $595 USD; for AFP members it is $495 USD. Once you pass the exam, there is an annual maintenance fee of $150 USD per year to maintain your certification status with AFP.

6. Certified International Investment Analyst (CIIA)

Certified International Investment Analyst (CIIA) is a professional certification program designed to help financial professionals gain an in-depth understanding of international investments. The CIIA certification is awarded by the Association of Certified International Investment Analysts (ACIIA), an independent, non-profit organization.

The CIIA program consists of two parts: the core curriculum and the elective courses. The core curriculum covers topics such as macroeconomics, international finance, portfolio management, derivatives, and risk management. The elective courses focus on specific areas such as emerging markets, alternative investments, and asset allocation.

The CIIA program typically takes about six months to complete. To get certified, candidates must pass a comprehensive exam that covers both the core curriculum and the elective courses. Candidates must also have at least three years of experience in the field of international investment analysis or a related field.

The cost of obtaining the CIIA certification varies depending on where you take the exam and how many courses you need to complete. Generally speaking, it can cost anywhere from $1,500 to $3,000 for all materials and fees associated with taking the exam and completing the program.

7. Chartered Alternative Investment Analyst (CAIA)

Chartered Alternative Investment Analyst (CAIA) is a professional designation for individuals who specialize in alternative investments. It is the first and only globally recognized credential for alternative investment professionals. The CAIA program provides a comprehensive education on the alternative investment industry, including hedge funds, private equity, real estate, commodities, and structured products.

The CAIA program consists of two levels of exams that must be completed in order to earn the designation. Level I covers basic concepts related to alternative investments while Level II focuses on more advanced topics such as portfolio management and risk analysis. The exams are offered twice a year in March and September at various locations around the world.

In order to sit for the exams, candidates must have an undergraduate degree from an accredited institution or have three years of relevant work experience in the alternative investments industry. Candidates must also complete an approved course of study prior to taking the exams. This coursework can be completed online or through a classroom setting depending on the candidate’s preference.

The cost of taking the CAIA exam varies depending on where it is taken and when it is taken. Generally speaking, it costs between $1,500 - $2,000 USD per level of exam plus any additional fees associated with registering for and taking the exam.

Overall, obtaining the CAIA designation requires significant commitment but can open up many opportunities in the alternative investments industry for those who are willing to put in the time and effort required to pass both levels of exams.

8. Associate in Risk Management (ARM)

Associate in Risk Management (ARM) is a professional designation awarded by The Institutes, an organization that provides risk management and insurance education. It is designed to provide a comprehensive understanding of the principles of risk management and insurance. The ARM program consists of four courses covering topics such as legal liability, property and casualty insurance, and personal lines of insurance.

The ARM designation can be earned in approximately six months if all courses are completed at once. However, students have up to five years to complete the program. To earn the ARM designation, students must pass all four exams with a minimum score of 70%.

The cost for the entire ARM program is $1,795 plus applicable taxes. This fee includes access to online study materials, practice exams, and exam registration fees.

9. Global Association of Risk Professionals (GARP FRM)

The Global Association of Risk Professionals (GARP) is an international professional organization dedicated to providing risk management education, certification, and networking opportunities. The Financial Risk Manager (FRM) designation is the most widely recognized and respected certification for financial risk managers. It is designed to demonstrate a comprehensive understanding of financial risk management principles and practices.

It takes approximately six months to complete the FRM program, depending on the individual’s study schedule. To become an FRM, candidates must pass two rigorous exams administered by GARP. The exams are offered twice a year in May and November.

To get the FRM designation, candidates must first register with GARP and pay the registration fee of $450 USD. They must then purchase all four parts of the FRM Exam Part I & II Study Guide from GARP at $225 USD each, or they can opt for a discounted bundle package which includes all four parts at $800 USD. Additionally, they will need to purchase additional study materials such as practice questions and mock exams from third-party providers such as Wiley or Schweser.

Once registered with GARP, candidates should begin studying for their exams right away since it typically takes around six months to prepare for both Parts I & II of the exam. Candidates can also take advantage of free online resources provided by GARP such as webinars, podcasts, and practice questions to help them prepare for their exams.

Once both Parts I & II have been passed successfully, candidates will receive their official Financial Risk Manager (FRM) designation from GARP along with a certificate that can be displayed in their office or home office.

10. Securities Industry Essentials Exam (SIE Exam)

The Securities Industry Essentials (SIE) Exam is a new exam created by the Financial Industry Regulatory Authority (FINRA). It is an introductory-level exam that provides candidates with a basic understanding of the securities industry. The SIE Exam covers topics such as types of products and their risks, regulations, and the structure of the securities industry.

The SIE Exam takes approximately two hours to complete and consists of 75 multiple-choice questions. Candidates must answer at least 70% of the questions correctly in order to pass. The cost of taking the SIE Exam varies depending on where you take it, but typically ranges from $60-$90.

In order to take the SIE Exam, you must first register with FINRA's Central Registration Depository (CRD), which is an online system for registering securities professionals. Once registered, you can then apply for your SIE Exam through FINRA's website or through a broker-dealer firm. You will need to provide proof of identity and payment before being allowed to take the exam.

Do You Really Need a Assistant Trader Certificate?

The simple answer is “it depends”. The assistant trader certificate is a formal qualification that can be obtained through an approved institution. It demonstrates to employers that you have a good understanding of trading and the financial markets, as well as the ability to make informed decisions based on market conditions.

If you are looking for a job in trading or the financial markets, then having an assistant trader certificate can be beneficial. It may give you an edge over candidates who do not have one, and it could help open doors to more advanced positions in the future. Having the certificate also shows potential employers that you are serious about trading and willing to invest in your own education.

On the other hand, if you are already employed in the industry, then having an assistant trader certificate may not be necessary. Many people gain experience on-the-job without any formal qualifications and go on to become successful traders. However, if you want to progress further within your role or move into a more senior position at some point, then it might be worth considering getting one.

Ultimately, whether or not you need an assistant trader certificate will depend on your individual circumstances and aspirations within the industry. If you feel like it would add value to your career prospects then it could certainly be worth investing in one.

Related: Assistant Trader Resume Examples

FAQs About Assistant Trader Certifications

Q1: What is an Assistant Trader Certificate?

A1: An Assistant Trader Certificate is a qualification that demonstrates proficiency in the basics of trading, such as market analysis, order execution and risk management. It also serves as a gateway to becoming a full-fledged trader.

Q2: How do I get an Assistant Trader Certificate?

A2: To get an Assistant Trader Certificate, you must complete a series of courses or exams that demonstrate your knowledge of trading fundamentals. These courses can be found online or at accredited universities or colleges.

Q3: What are the benefits of getting an Assistant Trader Certificate?

A3: A successful completion of an Assistant Trader Certificate can give you greater confidence when trading, as well as provide you with a competitive edge. It also provides employers with evidence that you have the skills and understanding necessary for success in the field.

Q4: How long does it take to get an Assistant Trader Certificate?

A4: The time frame for completing an Assistant Trader Certificate varies depending on the program you choose and how quickly you learn the material. Generally speaking, most programs can be completed within 1-2 months if studied diligently.

Q5: Is there any cost associated with getting an Assistant Trader Certificate?

A5: Yes, most programs will require payment for tuition or exam fees. However, these costs are typically minimal compared to the potential rewards of obtaining this certification.